Kenneth Berry, President and CEO, states: “We are pleased to report another production record at the Moss Mine and are delighted to be setting records in this higher gold and silver price environment. Increased production during the last six months is attributable to improved operational controls, modifications to the Merrill Crowe facility and heap-leach pad solution management. Our operations team has delivered on our promises and I look forward to updating our shareholders and stakeholders in due course as we pursue further mine optimization opportunities. Future production and financial results will be disclosed on a quarterly basis moving forward.”

The bottom line is gold stocks are very overbought. The powerful counter-seasonal rally in recent months catapulted gold-stock benchmarks far beyond their 200-day moving averages. Such stretched technicals coupled with very-bullish popular sentiment are a warning this recent upleg is maturing. It is likely to roll over into a healthy correction soon to restore balance, driven by gold-futures selling from spec extremes.

All bull markets flow and ebb, with big uplegs followed by major corrections. Fighting the latter is utterly pointless. Ride the bull-market waves rather than drowning in them. Buy relatively low near the troughs, then sell relatively high near the crests. That means buying when everyone else is scared, before selling when everyone else is greedy. After enjoying a great and very-profitable upleg, we can cash out for the next one. Full Story

The battered silver miners’ stocks surged in recent months, staging a strong rebound rally. That overdue turnaround was fueled by silver mean reverting higher on improving sentiment after gold’s decisive bull-market breakout. But silver miners still had a challenging Q2, as most of silver’s gains came after last quarter ended. They continued diversifying into gold to help weather silver’s endlessly-languishing low prices. Full Story

The bottom line is the mid-tier gold miners are thriving fundamentally. Their Q2 results were good, even before gold’s powerful bull-market breakout. They are growing production while holding the line on costs. That means their earnings will soar as gold powers higher on balance in its resurgent bull market. That will support much-higher gold-stock prices in the future, and attract traders back to this long-neglected sector.

Gold’s bull market will flow and ebb as always, so gold-stock positions should be accumulated relatively low in post-selloff troughs. There’s no need to buy high at crests when everyone is excited. But you have to prepare in advance, monitoring the markets and researching the gold miners to be ready to pounce at opportune times. Capital allocations should be focused on mid-tier gold miners with superior fundamentals. Full Story

The juniors are even cheaper than the producers. This is because, as the price of gold moves higher, value of the gold (or silver) in the ground for juniors with a resource becomes worth even more to potential acquirers, especially juniors who have projects in close proximity to mining companies with operating mines and infrastructure. At some point, larger mining companies will either have to start buying juniors or face being acquired by even bigger mining companies. Assuming the price of gold/silver continues to move higher from here, I believe we’ll start to see a lot more acquisition activity before the end of the year. Full Story

Gold equities are cheap and have room to continue running relative to the gold price, as they are lagging their historical relationship. The chart below compares the price of the senior gold miners to the price of gold 10-years ago. The miners have taken a much bigger drop than the gold price. TD Securities writes in a note that it expects a further rotation from producers down to the junior miners and eventually to the emerging producers to developers, which will be catalyzed by high profile M&A activity. Jeff Currie, global head of commodities research at Goldman Sachs, says that central banks are buying gold because they don’t want to own dollars with sanction, geopolitical and trade-war risks. UBS raised its gold price forecast in 2020 to $1,550 per ounce as their economists believe a U.S.-China deal is looking increasingly unlikely, reports Bloomberg. Full Story

The bottom line is the major gold miners’ just-reported Q2’19 earnings season was solid. Gold didn’t take off until late June, so they hadn’t yet materially benefitted from its breakout surge. With the recent mega-mergers finally settling out, gold stocks saw slightly-lower production at materially-higher costs. That hit accounting profits, but operating-cash-flow generation was strong. Higher gold will greatly improve Q3 results.

That being said, the major gold miners are still struggling to grow their production. The mega-mergers will help mask that for one year, but the intractable underlying problem persists. That leaves smaller mid-tier gold miners with superior fundamentals much more attractive for future upside potential. That is where investors should focus their capital allocations to gold stocks, which should approach 10% in all portfolios. Full Story

Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:XXMMF) (the “Company” or “Ximen”) ”) is pleased to announce its option partner New Destiny Mining Corp. (TSX.v NED) is mobilizing a drill to the Treasure Mountain Silver Property, located near Tulameen, B.C.

New Destiny Mining Corp. recently completed an initial program of rock chip sampling, trenching and drill site preparation and announced assay highlights from samples. At the Superior (Lucky Todd) prospect, results ranged up to 1.6% copper, 0.87 grams per tonne gold and 109 grams per tonne silver on one sample, and 0.36% copper and 3.99 grams per tonne gold in another. At the Railroad prospect, results ranged up to 1.06% copper and 264 grams per tonne silver in one sample, and 0.95 grams per tonne gold, 0.9% Zinc and 0.4% lead in another sample. All samples were chip samples of varying widths between 0.3 and 1.5 metres. The true widths of the zones are unknown at this stage. Full Story

- Above are the latest 10 stock reports. Older reports can be found in our archives. -

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